Sensors to benefit from shift to better automation
June 26, 2012 // Nick Flaherty
New and expanding applications, coupled with the shift to enhanced automation processes and controls, are restoring growth to the global market for proximity and displacement sensors according to new figures from Frost & Sullivan
The report - Analysis of the Proximity and Displacement Sensors Markets - finds that the market for inductive, photoelectric, capacitive, magnetic, ultrasonic and LVDT sensors reached $2.427.5bn in 2011 after negative growth rates in 2009 and estimates the marke to reach $3.048bn in 2018.
“The need for better automation is expected to allow for the conversion from older and less sophisticated controls to state-of-the-art automation,” said V. Sankaranarayanan, Senior Industry Analyst at Frost & Sullivan. “As a result, the number and range of sensors used in equipment is increasing.”
Due to the rising sophistication in manufacturing processes, end-users are demanding more functionality from proximity sensors. Advanced network technologies (CompoNet and IO-Link) and diagnostic capabilities are some of the technical advancements that are also anticipated to boost market prospects.
Growth in mature markets such as Western Europe and North America is expected to be slow. The potential for further growth is limited, as most industrial processes are already using proximity and displacement sensors. In contrast, Asia is becoming progressively more important due to surging production and automation.
“Production in emerging economies, such as China and India, is becoming increasingly automated,” said Sankaranarayanan. “Robust economic growth in these regions is expected fuel the demand for proximity and displacement sensors.”
Proximity sensors find application in almost every industry due to the importance of feedback, underlining the widespread consumer demand for them. In addition to China and India, growth opportunities are also surfacing in other smaller Asian countries that have embarked on a path of economic development.
Keys to success will be emerging network technologies, solutions instead of products, regional growth markets and a successful distribution strategy.
“It is important to offer more than just a sensor; market participants will have to focus on providing complete solutions,” said Sankaranarayanan. “Price pressures will continue to pose a challenge, so vendors will need to constantly advance on the technological front.”
Tower buys Maxim's Texas wafer fab
November 27, 2015
Foundry Tower Semiconductor Ltd. (Migdal Haemek, Israel) is set to buy an 8-inch wafer fab in San Antonio, Texas, from Maxim ...
Deterministic motor control with FPGAs
Smart buildings, smartphones will drive IR detector market
Private ID as a service leverages smartphone-enabled biometrics
Like Micron, SK Hynix rejects Chinese advances
NXP, Freescale merger clears FTC hurdle
November 26, 2015
NXP Semiconductors NV (Eindhoven, The Netherlands) has received clearance from the Committee on Foreign Investment in the ...
Thin film micro-lenses stretch to focus
German battery maker puts squeeze on Tesla's solar storage plans
Report: Abu Dhabi holding talks over GloFo sale
- Battery Size Matters
- Software-Defined Radio Handbook - 11th edition
- Multichemistry Buck Battery Charger Controller
- Automotive Circuit Protection using Littelfuse Automotive TVS Diodes
InterviewCEO interview: InvenSense's Abdi on expanding MEMS horizons
InvenSense Inc. is a MEMS company that has epitomized a fabless approach to a sector that is still highly reliant on a thorough grasp of the manufacturing and packaging processes. We interviewed CEO Behrooz ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, FTDI Chip is giving away six MCU development board packages complete with a dedicated compiler (including a full integrated development environment).
Worth Euro 315 each, the packages include a credit card sized Clicker 2 board for the FT90X 32-bit MCU supplied alongside a powerful dedicated compiler from MikroElektronika.
MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.